Mixed-Use Property with
For Sale
Contact for pricing
1116-1122 North Diamond Lake Road, Mundelein, IL 60060
Includes an operating restaurant, leased convenience store, and two residential units with supporting site improvements.
Property Size12,875 SF
Days on Market139
Property Features for 1116-1122 North Diamond Lake Road
General Information
Standard status
Active
Size
12,875 SF
Property subtype
Retail
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Multifamily Units
2
Amenities
off street parking
storage shed
Building Details
Building Size
12,875 SF
Listing Agency:
Caton Commercial
Listed By:
Beth Petri · License #475174514
(630) 209-8029
Source:
Catoncommercial
Added: Jun 1
Changed: Oct 13
Last Checked: Oct 16 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caton Commercial
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Investment Insights
Based on property information with market context.
This mixed-use property combines an active, fully equipped restaurant with a convenience store and two residential units. Furniture, fixtures, and equipment are included, along with off-street parking and a storage shed. The restaurant’s gaming and liquor licenses are transferable subject to a background check, with no name change required.
The convenience store is fully leased, providing an additional income component within the property. The restaurant has operated under family ownership for over 40 years in the Mundelein area, and the current operation is positioned for expanded hours and participation in Village events.
The convenience store is fully leased, providing an additional income component within the property. The restaurant has operated under family ownership for over 40 years in the Mundelein area, and the current operation is positioned for expanded hours and participation in Village events.
Key Highlights
- Fully equipped active restaurant with FF&E included
- Fully leased convenience store included in the sale
- Two residential units included
Property Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 60060, IL
37,599
Population
13,827
Households
2.7
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
23.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$110,463
Median Household Income
$52,550
Median Earnings
$1,552
Median Rent
$299,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes an operating restaurant, leased convenience store, and two residential units with supporting site improvements.
Where is this mixed-use property located?
The property is located at 1116-1122 North Diamond Lake Road Mundelein, IL.
What are key features of this property?
This property features: Fully equipped active restaurant with FF&E included; Fully leased convenience store included in the sale; Two residential units included
